Hidong
Estate
PLC
Interim report of shareholders for the half year ended
30 September 2020
The results for the half year ended 30 September 2020 are given below with appropriate comparative figures:-
Profit and loss account for the half year ended 30 September 2020
|
| Half year ended | Half year ended | Year ended |
|
| 30 Sept 2020 | 30 Sept 2019 | 31 Mar 2020 |
|
| RM | RM | RM |
|
|
|
|
|
| Administrative expenses | (42,898) | (54,667) | (240,489) |
|
|
|
|
|
| Operating loss | (42,898) | (54,667) | (240,489) |
| Income from investments | 15,559 | 21,160 | 40,992 |
| Interest receivable and similar income | 166,926 | 165,020 | 443,586 |
|
Profit on ordinary activities before taxation |
139,587 |
131,513 |
244,089 |
|
|
|
|
|
| Tax on profit on ordinary activities | (40,062) | (39,605) | 239,438 |
|
Profit for the period |
99,525 |
91,908 |
483,527 |
|
Basic and diluted profit per 10p share |
5.81 sen |
5.36 sen |
28.22 sen |
Notes:
1. The directors do not propose to pay any interim dividend (2019 : RM Nil).
2. Copies of the Interim Report are available from the Company's registered office at Neville House Steelpark Road, Halesowen, West Midlands B62 8HD.
Penang CHEW SING GUAN
26 October 2020 Chairman
Hidong
Estate
PLC
Balance sheet as at 30 September 2020
|
| As at | As at | As at |
|
| 30 Sept 2020 | 30 Sept 2019 | 31 Mar 2020 |
|
| RM | RM | RM |
| Fixed assets |
|
|
|
| Investments | 939,244 | 1,164,387 | 939,244 |
|
|
|
|
|
| Current assets |
|
|
|
| Accrued interest income | 98,866 | 19,313 | 103,753 |
| Deposits | 10,950,000 | 10,950,000 | 10,950,000 |
| Cash at bank and in hand | 132,164 | 95,153 | 126,035 |
|
| 11,181,030 | 11,064,466 | 11,179,788 |
| Current liabilities |
|
|
|
| Creditors : amount falling due within one year |
(13,725) |
(341,287) |
(112,008) |
|
| (13,725) | (341,287) | (112,008) |
|
|
|
|
|
| Net current assets | 11,167,305 | 10,723,179 | 11,067,780 |
|
|
|
|
|
| Net assets | 12,106,549 | 11,887,566 | 12,007,024 |
|
|
|
|
|
| Capital and reserves |
|
|
|
| Called up share capital | 1,067,846 | 1,067,846 | 1,067,846 |
| Fair value reserve | 34,823 | 306,984 | 34,823 |
| Profit and loss reserve | 11,003,880 | 10,512,736 | 10,904,355 |
|
|
|
|
|
| Shareholders' funds | 12,106,549 | 11,887,566 | 12,007,024 |
These financial statements were approved by the Board of Directors on 26 October 2020.
CHEW SING GUAN )
)
) Directors
)
CHEW BEOW SOON )
Hidong
Estate
PLC
Statement of Other Comprehensive Income for the half year ended 30 September 2020
|
| Half year ended | Half year ended | Year ended |
|
| 30 Sept 2020 | 30 Sept 2019 | 31 Mar 2020 |
|
| RM | RM | RM |
|
Profit for the period |
99,525 |
91,908 |
483,527 |
|
|
|
|
|
| Other Comprehensive Income |
|
|
|
| Unrealised loss on investments | - | - | (272,161) |
| Change in fair value during the period on disposal of investments |
- |
- |
- |
|
|
|
|
|
|
Total Comprehensive Income for the period |
99,525 |
91,908 |
211,366 |
Hidong
Estate
PLC
Statement of cash flows for the half year ended 30 September 2020
|
| Half year ended | Half year ended | Year ended |
|
| 30 Sept 2020 | 30 Sept 2019 | 31 Mar 2020 |
|
| RM | RM | RM |
| Cash flows from operating activities |
|
|
|
| Profit for the period | 99,525 | 91,908 | 483,527 |
| Adjustments for: |
|
|
|
| Interest receivable and similar income | (166,926) | (165,020) | (443,586) |
| Income from investments | (15,559) | (21,160) | (40,992) |
| Taxation | 40,062 | 39,605 | 239,438 |
|
| (42,898) | (54,667) | (240,489) |
| (Decrease)/increase in other creditors | (100,845) | (96,000) | 4,870 |
|
| (143,743) | (150,667) | (235,619) |
| Tax paid | (37,500) | (118,949) | (170,055) |
| Net cash used in operating activities | (181,243) | (269,616) | (405,674) |
| Cash flows from investing activities |
|
|
|
|
Dividend received | 15,559 | 21,160 | 40,992 |
| Interest received | 171,813 | 165,020 | 359,146 |
|
Purchase of investments | - | (2,592) | (49,610) |
| Decrease in deposits | - | 50,000 | 50,000 |
| Net cash from investing activities | 187,372 | 233,588 | 400,528 |
| Cash flows from financing activities | - | - | - |
| Net increase/(decrease) in cash and cash equivalents | 6,129 | (36,028) | (5,146) |
|
Cash and cash equivalents at 1 April | 126,035 | 131,181 | 131,181 |
| Cash and cash equivalents at 30September/31 March | 132,164 | 95,153 | 126,035 |
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